This is the Blog of Hector Garcia, QuickBooks ProAdvisor and Trainer in South Florida.  Content topics found here will be mostly QuickBooks functions, tips and tricks on how to learn QuickBooks and use it better, accounting related material, and Tax tips.
You may contact us at info@quickbooks-training.net if you have any other ideas or comments on postings to this blog.

2021 Form 941 Worksheets 1 to 5 download (PDF)

Here is a downloadable Worksheets 1 to 5 for preparing or amending your 941-X forms to claim ERC (Employee Retention Credit) and FFCRA credit related to COVID relief: 2021 FROM 941 Worksheets 1-5   If you are looking for additional guidance/resources to complete your 941-X form, try these: IRS 2021-49 Notice on ERC (Released Aug. […]

Posted in Blog Postings & Tips | Leave a comment

Converting from QuickBooks Online to Desktop (and all Limitations)

To Convert from QuickBooks Online to QuickBooks Desktop, use this link: https://app.qbo.intuit.com/app/exportqbodatatoqbdt   These are the limitations:   Audit log: Your audit log doesn’t export to QuickBooks Desktop. We recommend you print or save it as PDF. Cash purchases: Cash purchases will convert to checks in QuickBooks Desktop. Chart of accounts :All your accounts will […]

Posted in Blog Postings & Tips | Leave a comment

Chart of Accounts Complete list with Descriptions (for QuickBooks)

UPDATED 08/06/2021 First, If you need to setup a free 30-day trial of QuickBooks Online use this link: https://quickbooks.intuit.com/partners/irp/?cid=irp-4337#pricing If you keep the account, you will get 30% off for 12 months, best deal out there! Second, if you want an IMPORTABLE chart of accounts for QuickBooks, you can purchase my kit for my customized […]

Posted in Blog Postings & Tips | 18 Comments

Standard Chart of Accounts & Account Types

First, If you need to setup a free trial of QuickBooks Online use this link: https://quickbooks.intuit.com/partners/irp/?cid=irp-4337#pricing If you keep the account, you will get 30% off for 12 months, best deal out there! Second, if you want an IMPORTABLE chart of accounts for QuickBooks, you can purchase my kit for my customized “Ultimate Chart of […]

Posted in Blog Postings & Tips | 3 Comments

PPP Forgiveness, list of covered expenses

How can PPP loans be used for forgiveness? The proceeds of a PPP loan are to be used for: Payroll costs: gross wages and company paid retirement contributions, limited to $100k per year equivalent during the covered period Health Insurance: costs related to the continuation of group health care, life, disability, vision, or dental benefits […]

Posted in Blog Postings & Tips | Leave a comment

2021 Tax Season update (letter to our clients)

Jan 1st, 2021 Dear Client, first of all HAPPY NEW YEAR from your Tax Accountant! This is going to be a long email, so make sure to make some time to sit down to read the entire thing when you have time, there is a LOT to process here regarding what you need to know […]

Posted in Blog Postings & Tips | Leave a comment

What is a “tax return ready” financial statement?

… or “Professionally Prepared Financial Statements” Whenever we discuss the price of preparing a Corporate or LLC/Partnership tax return, the concept of “tax return ready” financial statements comes up.  As accountants and bookkeepers, we can play one of two roles (or even both): Prepare Balance Sheet and Profit & Loss report “tax return ready” Prepare […]

Posted in Blog Postings & Tips | Leave a comment

QuickBooks Enterprise Platinum: Warehouse Management App for Android phones

UPATED 11/20/2020 Read this article in conjunction with “What QuickBooks Can or CANNOT do with Inventory” The “Warehouse Management App” available for Android phones (and Combination Phone/Barcode Scanners such as ZEBRA TC21, TC26 or the TC51) has some additional or limited functionality limited to these 3 actions: Sales Order Fulfillment Purchase Order Receiving Cycle Counts […]

Posted in Blog Postings & Tips | Leave a comment

Entity Type Comparison: LLC vs. Corporation vs. Subchapter S

We use a INCFILE to create new entities for our clients. You’ll learn about the four main types of business for profit business entries : LLCs, S Corporations, C Corporations, and Sole Proprietor/Partnerships, one of these should meet your needs. Limited Liability Company (LLC) The LLC is a very popular and common business for. It is well suited […]

Posted in Blog Postings & Tips | Leave a comment

What QuickBooks Online CAN and CANNOT do with Job Costing / Project Tracking

UPDATED 11/08/2021 QuickBooks Online Plus/Advanced is a really great accounting software that is 100% could and deeply connected to banks and credit cards electronically to optimize the data entry workflows What QuickBooks Online Plus or Advanced CAN do with Job Costing / Project Tracking: Create Projects that belong to a Customer or Sub-customer Toggle Projects […]

Posted in Blog Postings & Tips | Leave a comment

QuickBooks Online Advanced – User Persmission

QBO Advanced Role setup screen, user permissions explained:     All Sales & Customers: All sales transactions, products and services, and customers This role can: Enter estimates, invoices, sales receipts, credit memos, and refunds Enter charges and credits Create and delete statements Receive payments from customers Fill out timesheets for anyone Add, edit, and delete […]

Posted in Blog Postings & Tips | Leave a comment

What QuickBooks Enterprise CAN and CANNOT do with Inventory

UPDATED 10/08/2021 QuickBooks Enterprise Platinum/Diamond is a really great accounting and inventory management package, specially for Manufacturers, Wholesalers, and E-commerce type businesses.  And it has a lot of great features, it does fall short  in many areas where people just expect for it to work. My course on QuickBooks Desktop Inventory Management covers a lot […]

Posted in Blog Postings & Tips | Leave a comment

Open Letter to our colleagues and fellow entrepreneurs regarding COVID-19

Dear Customers, Friends, and fellow Entrepreneurs: As accounting professionals, tax preparers, and members of the small business community, we strive to give the most concise and practical list of items for small business owners and/or taxpayers related to the Federal stimulus package and economic developments from COVID-19.  This email contains a lot of information, so […]

Posted in Blog Postings & Tips | Leave a comment

TAGS in QuickBooks Online

The new TAGS feature is pretty groundbreaking! here is a video that explains how it works:   A couple of things you need to know first, TAGS are not available in all transactions types, only the following transactions can use tags: Invoices Credit Memos Sales Receipts Refund Receipts Expenses Checks Bills Vendor Credits In other […]

Posted in Blog Postings & Tips | Leave a comment

Importing an IIF file into QuickBooks Desktop 2019, 2020, and 2021 or newer

Starting the 2019 version of QuickBooks Desktop, Intuit has added a “security” protocol to minimize the amount of data corruption that QuickBooks could potential get from importing IIF files, however, this has increased issue for most people trying to import an IIF file. So, if you are having issues importing am IIF file (that comes […]

Posted in Blog Postings & Tips | Leave a comment

 

This QuickBooks Blog is updated every other day!

For More Information

Call us to 1-800-819-6307 or email: info@quickbooks-training.net